Affinity exits Loscam to PRC's CIMC - reports
After several months of apparent negotiation, Affinity Equity Partners is reportedly exiting its Australian investee Loscam, a pallet provider, to China International Marine Containers (CIMC), which apparently beat out private equity bidders CHAMP Private Equity and Pacific Equity Partners, and nixed speculation that the exit would be a key secondary buyout for Asia in 2010.
CIMC has been the world's biggest container manufacturer since 1996. Reports indicated that the final private equity bids may have been around A$600 million ($506 million), in the middle of the expected...
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